$BTC #long
Trading Setup
Bias: Bullish (recovery continuation)
Entry: $78,850 - $79,050
TP1: $79,136
TP2: $79,898
TP3: $80,667
SL: $78,380
Risk: SL sits just under the most recent higher low; TP1 is close (the actual reclaim test), TP2/3 need real follow-through back into the pre-flush range.
Keep a close eye on a 15m close above $79,136 with volume is the real signal — that's the exact level this bounce needs to reclaim to prove it's not just a dead-cat recovery.
Today's Observation. The bounce off $77,808 is a genuine V, not a weak wick — but it's stalling exactly at proven resistance, so this is a "prove it" zone, not a confirmed breakout yet. Today's still red (-2.22%) on heavy volume, so treat this as a tactical bounce trade, not a reversal call.
Market Structure:
Sharp intraday flush followed by a real V-recovery that's now testing the underside of the zone it broke down from. Spiked to $81,270, crashed hard to $77,808, and has climbed back to $78,970 — currently consolidating right below the $79,136-79,898 shelf that was the pre-flush range.
Support: $78,382 (recent higher low in the recovery), then $77,808 (flush low)
Resistance: $79,136 (immediate), then $79,898, then $80,667, then $81,270 (session high)
Real recovery structure, but sitting right at the level that decides whether it continues or fails. Not financial advice.
👉DYOR.
Trading Setup
Bias: Bullish (recovery continuation)
Entry: $78,850 - $79,050
TP1: $79,136
TP2: $79,898
TP3: $80,667
SL: $78,380
Risk: SL sits just under the most recent higher low; TP1 is close (the actual reclaim test), TP2/3 need real follow-through back into the pre-flush range.
Keep a close eye on a 15m close above $79,136 with volume is the real signal — that's the exact level this bounce needs to reclaim to prove it's not just a dead-cat recovery.
Today's Observation. The bounce off $77,808 is a genuine V, not a weak wick — but it's stalling exactly at proven resistance, so this is a "prove it" zone, not a confirmed breakout yet. Today's still red (-2.22%) on heavy volume, so treat this as a tactical bounce trade, not a reversal call.
Market Structure:
Sharp intraday flush followed by a real V-recovery that's now testing the underside of the zone it broke down from. Spiked to $81,270, crashed hard to $77,808, and has climbed back to $78,970 — currently consolidating right below the $79,136-79,898 shelf that was the pre-flush range.
Support: $78,382 (recent higher low in the recovery), then $77,808 (flush low)
Resistance: $79,136 (immediate), then $79,898, then $80,667, then $81,270 (session high)
Real recovery structure, but sitting right at the level that decides whether it continues or fails. Not financial advice.
👉DYOR.
